Two-Story Office and Classroom
21 Corporate Hill Dr Little Rock, AR 72205
For Sale
Contact for pricing
Two-floor, 100% sprinklered office building with office, classroom, and conference interiors and a roof replacement in 2019.
Property Size18,796 SF
Price / SF$202.17
Days on Market502
Property Features for 21 Corporate Hill Dr
General Information
Standard status
Active
Size
18,796 SF
Property subtype
OFFICE
Listing Agency:
CBRE Fayetteville
(214) 577-0711
Listed By:
William Callahan
(214) 577-0711
Source:
Moodyscre
Added: Mar 13, 2025
Changed: Jul 26
Last Checked: Jul 26 at 10:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Fayetteville
Investment Insights
Based on property information with market context.
This two-story office building totals approximately 18,796± square feet and is served by a fully sprinklered system. Interior improvements include office, classroom, and conference spaces, supporting a range of professional and training-oriented uses. The property also features a new roof completed in 2019.
The building sits on a 2.21± acre lot with convenient access to the I-630/I-430 interchange.
The asset is offered as a net lease, with the landlord responsible for roof and HVAC replacement. The current lease expires June 30, 2027, with (2) five-year renewal options that include annual escalations of 75 bps.
The building sits on a 2.21± acre lot with convenient access to the I-630/I-430 interchange.
The asset is offered as a net lease, with the landlord responsible for roof and HVAC replacement. The current lease expires June 30, 2027, with (2) five-year renewal options that include annual escalations of 75 bps.
Key Highlights
- 18,796± SF two‑floor office building with office, classroom, and conference interiors
- 100% sprinkled for fire suppression
- New roof installed in 2019
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $268.4k | $14.28 |
| − Vacancy | −$29.8k | −$1.59 |
| EGI | $238.6k | $12.69 |
| − OpEx | −$59.7k | −$3.17 |
| NOI | $179.0k | $9.52 |
18,796 SF · lease $14.28/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.98M
NOI $178,960 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.41M
$2.99M – $3.98M
NOI $239,015 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-floor, 100% sprinklered office building with office, classroom, and conference interiors and a roof replacement in 2019.
Where is this office building located?
The property is located at 21 Corporate Hill Dr Little Rock, AR.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 18,796± SF two‑floor office building with office, classroom, and conference interiors; 100% sprinkled for fire suppression; New roof installed in 2019
